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Unit 31: Value Management

Unit 31:

Value
Management

Unit code:

A/601/1477

QCF level:

5

Credit value:

15

• Aim

This unit aims to develop the skills and knowledge needed to analyse
products and parts in order to improve value.

• Unit abstract

This unit will provide learners with knowledge of the principles,
methodologies and techniques that are used in analysing and selecting parts for
improvement. This includes competencies required for value engineering and
value analysis.

Learners will develop an understanding of Pareto analysis and how
manufactured products can be identified as part families using a range of
criteria. They will also consider total cost models and supply chain maps and
their use with specific products or processes. Finally, learners will explore
and develop their understanding of how to develop alternatives and detailed
proposals that will improve the value of a product or process.

• Learning outcomes

On successful completion of this unit a
learner will:

1Be able to carry out a Pareto analysis

2Be able to produce part families using a
range of criteria

3Be able to produce a total cost model and
supply chain map for a product or process

4Be able to produce a detailed proposal from
the findings of value management activities.

Part
families: those that can be
grouped together by a range of criteria; family definitions eglow cycle
and high volume, high cycle time with low volume; use of bill of materials;
part numbering systems eg Brisch, Optiz

Criteria: part shape; part size; material used to
manufacture the part; manufacturing process;other features eg number of
holes, number of shoulders, level of tolerance

3Be able
to produce a total cost model and supply chain map for a product or process

This unit is designed to stand alone but has
links with Unit 17: Business Improvement Techniques and Unit 20:
Quality and Business Improvement.

This unit
can be linked with the SEMTA Level 4 National Occupational Standards in
Business Improvement Techniques, particularly Unit 17: Applying Value
Management (Value Engineering and Value Analysis).

Essential requirements

There are no essential requirements for this unit.

Employer engagement and vocational contexts

Liaison with
industry should be encouraged in order to develop a valuable, relevant and
alternative resource facility.